FSD are you sure you are not an accountant in sheeps clothing? Damn you nailed it… I am actually surprised as I got it correct as well but did not know what rate the depreciation recapture would be taxed at but it makes sense that it is ordinary income and it makes absolute sense that it cannot be offset by carry forward cap gains loss.
Great help and yes he is working with his cpa of course.
Nolo publishes a book titled “Every Landlords Tax Deduction Guide” It is over 450 pages of well written tax advise covering almost all aspects of landlord tax issues. They publish dozens of plain English legal books.
Disclosure: I am not an employee or shareholder of Nolo.com
Nolo publishes a book titled “Every Landlords Tax Deduction Guide” It is over 450 pages of well written tax advise covering almost all aspects of landlord tax issues. They publish dozens of plain English legal books.
Disclosure: I am not an employee or shareholder of Nolo.com
Nolo publishes a book titled “Every Landlords Tax Deduction Guide” It is over 450 pages of well written tax advise covering almost all aspects of landlord tax issues. They publish dozens of plain English legal books.
Disclosure: I am not an employee or shareholder of Nolo.com
Nolo publishes a book titled “Every Landlords Tax Deduction Guide” It is over 450 pages of well written tax advise covering almost all aspects of landlord tax issues. They publish dozens of plain English legal books.
Disclosure: I am not an employee or shareholder of Nolo.com
Nolo publishes a book titled “Every Landlords Tax Deduction Guide” It is over 450 pages of well written tax advise covering almost all aspects of landlord tax issues. They publish dozens of plain English legal books.
Disclosure: I am not an employee or shareholder of Nolo.com
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